Exhibit 99.1
(JAMES HARDIE LOGO)
         



31 March 2009
      James Hardie Industries NV
ARBN 097 829 895
Incorporated in The Netherlands
The liability of members is limited
Dutch Registration Number: 34106455


The Manager
Company Announcements Office
Australian Stock Exchange Limited
20 Bridge Street
SYDNEY NSW 2000
      Atrium 8th Floor
Strawinskylaan 3077
1077 ZX Amsterdam,
The Netherlands

Telephone: 31-20-301 2980
Fax: 31-20-404 2544
 
Dear Sir
Cancellation of shares
In relation to the on-market buy-back program announced on 15 August 2007 and concluded on 20 August 2008 James Hardie Industries NV (JHINV) advises that:
  •   708,695 JHINV shares represented by CUFS that were bought back by JHINV between 27 March 2008 and 31 March 2008, were cancelled on 27 March 2009;
 
  •   the total amount paid by JHINV to buy back the CUFS representing the cancelled JHINV shares was $A4,441,821.07 million; and
 
  •   all of the securities bought by JHINV under the buy-back were CUFS (with each of the CUFS representing one share in the capital of JHINV).
As at 31 March 2009, the number of CUFS issued and quoted on the ASX is 432,263,720.
Yours faithfully
(-s- Russell Chenu)
Russell Chenu
Chief Financial Officer